Branchburg, N.J. (PRWEB) March 20, 2008
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced the acquisition of a 77,000-square-foot warehouse building located at 47 Readington Road in Branchburg, N.J. from Warren Distributing Company. The acquisition was made on behalf of Hampshire Partners Fund VII, Hampshire's $350 million institutional real estate investment fund.
With easy access to several area highways including I-78, I-287, Routes 22 and 28, the currently vacant building also offers ample warehouse space and six loading docks, one of which is a 220 foot interior drive through, and four docks which are fully enclosed.
"47 Readington Road is ideal for either a single tenant or can accommodate up to four separate users," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "Hampshire intends to make several improvements to the property including upgrading the façade, exterior site and all interior areas."
John H. Adams, SIOR Coldwell Banker Commercial, Feist & Feist Realty Corp. represented Warren Distributing Company in the transaction while Hampshire was represented by Thomas F. Monahan, SIOR of Colliers Houston & Co.
About Hampshire Partners Fund VII
Hampshire Partners Fund VII is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VII is to deliver superior, above-market returns to its institutional investors through the acquisition, repositioning and operation of investment-grade properties in attractive locations. The focus of investment for this value-add fund is on industrial, retail and suburban office products located in the growth corridors of the Northeast and Mid-Atlantic.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to
create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at http://www.hampshireco.com.
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